18 November 2014 | By preventaline in Foreclosures | Comments Off
In a time where finances are stretched to the limit and
diminished greatly by long term job loss and other devastating
situations, many people consider bankruptcy for relief. Because they
often are months behind in home payments and are defaulted in their
mortgage, they also stress over the possibility of foreclosing on their
home. Overwhelmed, they often sit down and try to decide what the lesser
of two evils, bankruptcy vs. foreclosure, might be.
When faced with a crucial decision of deciding between bankruptcy vs.
foreclosure, it’s imperative to know as much about both options as
possible. Grateful for any option, many homeowners mull over the pros
and cons of bankruptcy vs. foreclosure, feeling that either one will
provide them a respite from their long, drawn out financial struggle.
When debating over going with bankruptcy vs. foreclosure, it’s a good
idea to make a list of pros and cons of both. Thousands of people have
chosen bankruptcy when debating whether to go with bankruptcy vs.
foreclosure. On the pro side, bankruptcy alleviates your financial
burden by eliminate or lessen your debts but legal fees will still be
expected. The cons of bankruptcy include the fact that it will remain on
your credit report for up to ten years.
So when you are ready to apply for credit or apply for a car loan you
most likely will be stuck with a higher interest rate. Since you are
still debating between bankruptcy vs. foreclosure, it’s important to
know about foreclosure pros and cons as well. Foreclosure has become a
common occurrence in light of the terrible financial loss many people
have suffered. Foreclosure occurs when a homeowner falls months behind
on mortgage payments which results in defaulting on the home loan.
18 November 2014 | By preventaline in Property | Comments Off
Window Cleaning & Property Maintenance Advice
Keeping your home or investment property well maintained through all four seasons is important to any homeowner. Regular upkeep of your investment can help to maintain or even increase your investments value and save you a lot of frustration.
If you have ever walked by a property who’s owners or tenants are not keeping it well maintained then you will know how quickly they can become an eyesore and cause the owners time, money and grief: over grown gardens, mould & mildew, filthy glass, out of control hedges and more. This can be a real challenge for owners and an eyesore for neighbours.
11 November 2014 | By preventaline in Foreclosures | Comments Off
If you’re a house owner experiencing foreclosure in Florida,
there is a way to get out of this procedure- even if the house has been
sold as per the court auctions. Here, we’re going to talk about the
property foreclosure law; i.e., the right of redemption. We will also be
discussing on the procedures to stop foreclosure in Florida. For
understanding this foreclosure law as it is applicable in Florida, the
very first thing you need to know is that not all states have these
kinds of regulations. And if they exist, they are executed in different
The Right of Benefit Laws: A better Overview
In almost all states, a property owner is given a certain amount of time
interval to buy their house back again – even if it’s been promoted on
the court activities at public auction. This interval- in many of the
states varies from six a few weeks to a period.
11 November 2014 | By preventaline in Property | Comments Off
Penang in Malaysia is a favored destination for property investors coming from all over the world. The growthPenang real estatehas seen in the recent years is not just good, but commendable. But, as its said too much of anything is negative, similar trend is now being noticed in the property scenario at Penang. The analysts and buyers together have indicated a parallel finding saying that the property bubble in this island is soon going to burst. This statement became very popular two years back and the same thing is now being noticed.
Most say that the property bubble burst is all about demand and supply. Its clearly seen that the supply for new properties constructed on better themes is much more than the demand for the same. As more and more developers are hopping in theproperties malaysia, the price appreciation this commodity has seen is very big. Considering a country, the majority population consists of people who belong to the middle income group. Thus, these buyers are moreover in the lookout for affordable homes.
The people in Malaysia and outside have different opinions where property demand is concerned. While some believe that property burst will soon creep in, still others think that nothing like this will happen not just now, but even in the near future. The properties in Penang were undervalued some 5 years back and the trend did not show increase as it was supposed to show.
04 November 2014 | By preventaline in Foreclosures | Comments Off
One of the problems with any plan to stop foreclosure is that
homeowners who are behind in their payments invariably end up the
targets of massive mailing and phone call marketing campaigns from
foreclosure help companies who are offering their services. With so many
potential scams operating in the real estate and mortgage industries,
though, it becomes very difficult for foreclosure victims to know who to
trust when they need additional assistance in their efforts to save
Homeowners may receive upwards of several hundred
post cards, letters, or phone calls every week from potential
foreclosure service providers and self-proclaimed experts. Before
working with any of these companies or individuals, it is important for
foreclosure victims to do enough research on the service providers and
the methods that they use to help homeowners in their situation save
their homes from foreclosure. There are a number of ways to complete
this due diligence, such as searching online, calling the Better
Business Bureau, and contacting the state attorney general to determine
if a pattern of complaints exists.